Property Overview: 1613 Rothesay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1974 bungalow in River East presents a practical entry point into the Winnipeg housing market. Its key characteristic is its modest scale: at 928 sqft on a 2,920 sqft lot, both the home and yard are notably smaller than area averages. This is reflected in its assessed value of $253k, which sits well below neighborhood and city-wide benchmarks.
The appeal lies in its affordability and efficiency. For a buyer comfortable with a compact, low-maintenance footprint, it offers a way to own a home in a well-established area without a premium price tag. It would suit first-time buyers, downsizers, or investors seeking a straightforward rental property. A thoughtful perspective is that its smaller size and lot could mean lower utility costs, property taxes, and less time spent on upkeep compared to larger homes on the street. While it ranks below average in size and value metrics locally, its year-built is slightly newer than many immediate neighbors, potentially suggesting fewer immediate age-related concerns than older stock in the area.
Section 2: Frequently Asked Questions
1. Is this a good value for the area?
The assessed value is significantly lower than the River East neighborhood average (ranking in the top 97%, meaning it's among the least expensive 3% of homes). This indicates a lower cost of entry, but it's essential to understand this correlates with the home's smaller size and lot.
2. How does the living space compare to nearby homes?
At 928 sqft, the living area is below the average for the street, neighborhood, and city. This home is best suited for those who prioritize affordability and simplicity over spaciousness.
3. What can the past sale price tell me?
Records show it sold between $250k-$300k in March 2022. This range was around the median for the street at that time but was in a much higher percentile for the broader neighborhood, reinforcing its position as a more affordable option in River East.
4. Is the lot size a limitation?
The lot is less than half the neighborhood average, which limits expansive outdoor space but also reduces yard maintenance. It's a trade-off that contributes to the home's affordability.
5. How can I verify the exact historical sale prices?
The provided sale data is from public records, not the MLS. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, which they provide via email.